Employment verification sounds simple, but it’s one of the biggest moving parts in mortgage underwriting. Lenders must confirm that borrowers still earn what they claimed at application. In NYC, where many buyers work for large employers, unions or hold multiple jobs, verification can take longer and sometimes create surprises.

Here’s what actually happens behind the scenes.

How Employment Is Verified

Lenders use several methods depending on job type:

• Written Verification of Employment (VOE): Sent to HR departments to confirm role, income and start date.

• Verbal VOE: A phone call to the employer before closing to confirm you still work there.

• Pay stub review: Lenders review the most recent pay stubs to confirm ongoing income.

• W2 and tax transcript checks: Used for consistency.

• Third party verification systems: Some employers use The Work Number.

Why Verification Delays Happen

• HR departments slow to respond.

• Buyers switch jobs or positions during the process.

• Overtime or bonuses decline and no longer qualify.

• Self employed borrowers need additional documentation.

What Buyers Should Avoid Before Closing

• Changing jobs

• Reducing hours

• Taking unpaid leave

• Missing pay periods

• Failing to notify their lender of changes

Your mortgage isn’t final until the lender confirms employment one last time, often within days of closing.

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Joseph Ranola | Five-Star Staten Island & South Brooklyn Realtor® (30 + Google reviews)
Associate Broker · Matias Real Estate | Founder · Bridge & Boro Team
Serving 103xx and 11209 / 11214 / 11228 | $25 M + closed volume
📞 917-716-1496 | ranolarealestate.com